ET Now: Would you advise investors to own physical gold or gold mining stocks?
Marc Faber: I
prefer physical gold, but I have to say that numerous gold mining
shares are now very inexpensive compared to the overall S&P and
compared to the price of gold. The share market will always have a
fluctuation above on the upside and below on the downside. For example,
property stocks will go up more than the property price and when the
property market goes down, property stocks drop more than the market.
Same is the case for gold shares. They go up and down more than the gold
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Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.